All Forum Posts by: Connor Cushman

@Paul "Boone" Lewis get your first property going if you haven’t already. Experience sells partners any way you can get it. Try buying a place with a 3% conventional loan that you can rent out after a year and do a slow flip in the meantime. Or use a 203k or home style loan to do a rehab. There are ways to get into your first property for very little and that will do more for you than most other things

Hey Sylvester - I don't know the lender you reference, but either way I'd recommend talking to a couple of lenders about your options. You could also explore HELOCs.

I think you're also talking about two different things when you talk about income vs. equity. If you have the equity amount that you reference, the income history shouldn't matter for some options.

This can definitely happen and be true to an extent. In many markets like this you have to be comfortable with pictures and a driveby before making an offer if it's a really hot property.

That said, your agent could at least check out the outside or the neighborhood. And often there is opportunity to show or get video in between rental visits so I would press on that a little bit. Those are the kinds of things I do for my clients

Hey Clay! There are definitely a lot of people doing what you describe as it relates to the 10% down loan. I'd recommend discussing lending guidelines with a good loan officer so you can feel confident about the limitations of the loans you're using.

I've found that for a lot of these loan type of conversations there are gray areas and nuances so it's best to figure out what strategy you want to go after and then work with a trusted lender team to do it the way that works for you while avoiding risk of mortgage fraud or having a lender call your loan due.

@Caleb Johnson I invest in Class A real estate and find really good tenants and my residential landlord life has been a breeze so far (knock on wood).

@Brittany Baker I bought 4 properties in my first year. 2 single family with low money down (moved out of the first one and rented it out) and 2 short term rentals with 10% down second home loans (one with a partner).

Over time I’ve learned that there are so many different lending options. It’s cheesy but constantly asking “how can I” instead of saying “I can’t” has done wonders for figuring out how to scale quickly.

The cash flow on short term rentals is insane compared to LTRs so I do expect to be at around 10k in cashflow by the end of year 2.

Go north of Atlanta. Blue Ridge market for short term rentals and Forsyth/Fulton county for high-appreciation class A/B long-term rentals.

I'd find a commercial lender and have a conversation about your different options. I'd also recommend looking at short term rentals in North Georgia if your goal is to get more cashflow or cash on cash return than a typical long term rental.

Nice, Alex! Definitely checking it out. I'm in short term rentals in Georgia and Tennessee, but I'm excited to hear about what you're doing.

Totally fine if you want to figure out how to make it work in California, but sounds like you will likely need partners to get started. You're probably better off finding a more affordable market in the midwest or southeast and learning how to do long-distance. It's not as scary as you think!

Let me know if I can help.